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The world's first multinational electricity market was formed with the creation of the Nordic power exchange, Nord Pool. We analyze the incentives to undertake transmission network investment in the context of the liberalized Nordic electricity market. Welfare improving investment in a...
Persistent link: https://www.econbiz.de/10011926087
The European Commission is introducing new regulations on submission and publication of data in electricity markets (SPDEM) and on wholesale energy market integrity and transparency (REMIT). I discuss issues relevant for undertaking an evaluation such regulations. I argue that, for market...
Persistent link: https://www.econbiz.de/10009745912
The aim of this paper is to give deeper insights into the impact of regulatory reforms and privatization on R&D spending of electricity utilities. Building on a panel data set including the biggest European utilities from eight EU-countries over a period from 1985 until 2010, we find a strong...
Persistent link: https://www.econbiz.de/10010337284
What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be replaced by external market mechanisms. This is a...
Persistent link: https://www.econbiz.de/10010423547
We discuss the implications of two price zones, i.e. one northern and southern bidding area, on the German electricity market. In the northern zone, continuous capacity additions with low variable costs cause large regional supply surpluses in the market dispatch while conventional capacity...
Persistent link: https://www.econbiz.de/10010479927
The German response to the Fukushima nuclear power plant incident was possibly the most significant change of policy towards nuclear power outside Japan, leading to a sudden and very significant shift in the underlying power generation structure in Germany. This provides a very useful natural...
Persistent link: https://www.econbiz.de/10010388537
In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity generators and of transmission, hence VIU-owned or allied generators often are bidders in auctions for VIU-owned transmission. In Van Koten (2006) I show that welfare suffers and the...
Persistent link: https://www.econbiz.de/10012724805
In this paper, we examine the use of carbon pricing and an output-based subsidy in a market with imperfect competition …. We consider a carbon pricing policy in Alberta's electricity market as a case study. This policy consists of two phases …-level profitability. We find that the mechanisms by which electricity prices and emissions change in response to carbon pricing differ …
Persistent link: https://www.econbiz.de/10012961552
Why do some governments adopt policies to mitigate climate change while others do not? In this study, I illustrate the importance of industrial organization in shaping prospects for climate mitigation policy. Using a generalized difference-in-differences analysis, I show that U.S. states that...
Persistent link: https://www.econbiz.de/10012900366
Retail electric deregulation has been identified in the literature to have favorable price impacts to businesses and … analysis of the effect of retail deregulation on total electric bills in Ohio. The results identify two main sources of cross …
Persistent link: https://www.econbiz.de/10012899365